New Risk • May 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥7,510, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 881% over the past three years. Reported Earnings • May 15
Full year 2026 earnings released: EPS: JP¥324 (vs JP¥310 in FY 2025) Full year 2026 results: EPS: JP¥324 (up from JP¥310 in FY 2025). Revenue: JP¥44.2b (up 13% from FY 2025). Net income: JP¥2.83b (up 3.5% from FY 2025). Profit margin: 6.4% (down from 7.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
The Kodensha Co., Ltd., Annual General Meeting, Jun 24, 2026 The Kodensha Co., Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 09
The Kodensha Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 The Kodensha Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥71.55 (vs JP¥82.01 in 3Q 2025) Third quarter 2026 results: EPS: JP¥71.55 (down from JP¥82.01 in 3Q 2025). Revenue: JP¥11.1b (up 12% from 3Q 2025). Net income: JP¥625.0m (down 14% from 3Q 2025). Profit margin: 5.6% (down from 7.3% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥6,520, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 14x in the Construction industry in Japan. Total returns to shareholders of 780% over the past three years. Announcement • Dec 27
The Kodensha Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 The Kodensha Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,845, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 460% over the past three years. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥72.48 (vs JP¥51.64 in 2Q 2025) Second quarter 2026 results: EPS: JP¥72.48 (up from JP¥51.64 in 2Q 2025). Revenue: JP¥11.4b (up 18% from 2Q 2025). Net income: JP¥633.0m (up 39% from 2Q 2025). Profit margin: 5.6% (up from 4.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to JP¥2,546. The fair value is estimated to be JP¥2,097, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 80%. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 27% and the cash payout ratio is 80%. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Buy Or Sell Opportunity • Sep 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.5% to JP¥2,553. The fair value is estimated to be JP¥2,124, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 80%. Announcement • Sep 04
The Kodensha Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 The Kodensha Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Aug 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥2,527. The fair value is estimated to be JP¥2,093, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 80%. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥4.81 (vs JP¥4.97 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.81 (down from JP¥4.97 in 1Q 2025). Revenue: JP¥8.56b (up 12% from 1Q 2025). Net income: JP¥42.0m (down 4.5% from 1Q 2025). Profit margin: 0.5% (down from 0.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
The Kodensha Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 The Kodensha Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 12
Full year 2025 earnings released: EPS: JP¥310 (vs JP¥102 in FY 2024) Full year 2025 results: EPS: JP¥310 (up from JP¥102 in FY 2024). Revenue: JP¥39.3b (up 13% from FY 2024). Net income: JP¥2.74b (up 204% from FY 2024). Profit margin: 7.0% (up from 2.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • May 09
The Kodensha Co., Ltd., Annual General Meeting, Jun 27, 2025 The Kodensha Co., Ltd., Annual General Meeting, Jun 27, 2025. Announcement • Apr 24
The Kodensha Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 The Kodensha Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.5b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥14.5b market cap, or US$99.3m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,640, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 121% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥51.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Announcement • Mar 14
The Kodensha Co., Ltd. (TSE:1948) announces an Equity Buyback for 117,000 shares, representing 1.32% for ¥235.76 million. The Kodensha Co., Ltd. (TSE:1948) announces a share repurchase program. Under the program, the company will repurchase up to 117,000 shares, representing 1.32% of its issued share capital, for ¥235.76 million. The shares will be repurchased at ¥2,015 per share. The purpose of the program is to increase shareholder returns and improve capital efficiency. As of February 28, 2025, there are 8,850,580 issued (excluding treasury stock) and 119,420 shares in treasury. New Risk • Feb 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥82.01 (vs JP¥8.47 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥82.01 (up from JP¥8.47 loss in 3Q 2024). Revenue: JP¥9.88b (up 12% from 3Q 2024). Net income: JP¥726.0m (up JP¥801.0m from 3Q 2024). Profit margin: 7.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Jan 03
The Kodensha Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 The Kodensha Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥14.4b market cap, or US$95.4m). Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥51.63 (vs JP¥33.88 in 2Q 2024) Second quarter 2025 results: EPS: JP¥51.63 (up from JP¥33.88 in 2Q 2024). Revenue: JP¥9.64b (up 9.3% from 2Q 2024). Net income: JP¥457.0m (up 52% from 2Q 2024). Profit margin: 4.7% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
The Kodensha Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 The Kodensha Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,435, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 68% over the past three years. Buy Or Sell Opportunity • Aug 06
Now 24% overvalued Over the last 90 days, the stock has fallen 9.3% to JP¥1,156. The fair value is estimated to be JP¥932, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥4.97 (vs JP¥23.94 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥4.97 (up from JP¥23.94 loss in 1Q 2024). Revenue: JP¥7.66b (up 14% from 1Q 2024). Net income: JP¥44.0m (up JP¥256.0m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jul 23
The Kodensha Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 The Kodensha Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥507 (vs JP¥62.75 in FY 2023) Full year 2024 results: EPS: JP¥507 (up from JP¥62.75 in FY 2023). Revenue: JP¥34.9b (up 3.9% from FY 2023). Net income: JP¥899.0m (up 62% from FY 2023). Profit margin: 2.6% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 11
The Kodensha Co., Ltd., Annual General Meeting, Jun 27, 2024 The Kodensha Co., Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 28
The Kodensha Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 The Kodensha Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 New Risk • Mar 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 134% Dividend yield: 16% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 35% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Market cap is less than US$100m (JP¥12.3b market cap, or US$81.6m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥220 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: JP¥42.29 loss per share (vs JP¥67.72 profit in 3Q 2023) Third quarter 2024 results: JP¥42.29 loss per share (down from JP¥67.72 profit in 3Q 2023). Revenue: JP¥8.80b (up 5.7% from 3Q 2023). Net loss: JP¥75.0m (down 163% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Buying Opportunity • Jan 18
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be JP¥7,435, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. Announcement • Dec 17
The Kodensha Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 The Kodensha Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥169 (vs JP¥82.39 in 2Q 2023) Second quarter 2024 results: EPS: JP¥169 (up from JP¥82.39 in 2Q 2023). Revenue: JP¥8.82b (up 5.1% from 2Q 2023). Net income: JP¥300.0m (up 106% from 2Q 2023). Profit margin: 3.4% (up from 1.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Oct 05
The Kodensha Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 The Kodensha Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: JP¥120 loss per share (vs JP¥178 loss in 1Q 2023) First quarter 2024 results: JP¥120 loss per share (improved from JP¥178 loss in 1Q 2023). Revenue: JP¥6.74b (up 8.2% from 1Q 2023). Net loss: JP¥212.0m (loss narrowed 33% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jul 06
The Kodensha Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 The Kodensha Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Announcement • May 12
The Kodensha Co., Ltd., Annual General Meeting, Jun 29, 2023 The Kodensha Co., Ltd., Annual General Meeting, Jun 29, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥314 (vs JP¥175 in FY 2022) Full year 2023 results: EPS: JP¥314 (up from JP¥175 in FY 2022). Revenue: JP¥33.6b (up 15% from FY 2022). Net income: JP¥556.0m (up 79% from FY 2022). Profit margin: 1.7% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥220 per share at 4.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.6%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥67.70 (vs JP¥5.64 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥67.70 (up from JP¥5.64 loss in 3Q 2022). Revenue: JP¥8.32b (up 19% from 3Q 2022). Net income: JP¥120.0m (up JP¥130.0m from 3Q 2022). Profit margin: 1.4% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Dec 28
The Kodensha Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 The Kodensha Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Junichi Kato was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥82.37 (vs JP¥6.77 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥82.37 (up from JP¥6.77 loss in 2Q 2022). Revenue: JP¥8.39b (up 21% from 2Q 2022). Net income: JP¥146.0m (up JP¥158.0m from 2Q 2022). Profit margin: 1.7% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
The Kodensha Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 The Kodensha Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥178 loss per share (vs JP¥22.01 loss in 1Q 2022) First quarter 2023 results: JP¥178 loss per share (down from JP¥22.01 loss in 1Q 2022). Revenue: JP¥6.23b (down 1.8% from 1Q 2022). Net loss: JP¥315.0m (loss widened JP¥276.0m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
The Kodensha Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 The Kodensha Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 12
The Kodensha Co., Ltd., Annual General Meeting, Jun 24, 2022 The Kodensha Co., Ltd., Annual General Meeting, Jun 24, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥175 (vs JP¥499 in FY 2021) Full year 2022 results: EPS: JP¥175 (down from JP¥499 in FY 2021). Revenue: JP¥29.2b (down 10% from FY 2021). Net income: JP¥310.0m (down 65% from FY 2021). Profit margin: 1.1% (down from 2.7% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 07
The Kodensha Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 The Kodensha Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥220 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥5.64 loss per share (down from JP¥131 profit in 3Q 2021). Revenue: JP¥6.99b (down 16% from 3Q 2021). Net loss: JP¥10.0m (down 104% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Nov 01
Second quarter 2022 earnings released: JP¥6.77 loss per share (vs JP¥218 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥6.94b (down 18% from 2Q 2021). Net loss: JP¥12.0m (down 103% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 05
First quarter 2022 earnings released: JP¥22.00 loss per share (vs JP¥109 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥6.34b (up 6.6% from 1Q 2021). Net loss: JP¥39.0m (loss narrowed 80% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • May 09
Full year 2021 earnings released: EPS JP¥499 (vs JP¥980 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥32.4b (down 9.1% from FY 2020). Net income: JP¥885.0m (down 49% from FY 2020). Profit margin: 2.7% (down from 4.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥220 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.6%). Is New 90 Day High Low • Mar 15
New 90-day high: JP¥5,030 The company is up 5.0% from a price of JP¥4,810 on 14 December 2020. Underperformed the Japanese market, which is up 9.0% over the last 90 days. Lagged the Construction industry, which is up 10.0% over the same period. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥131 (vs JP¥133 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥8.27b (up 2.2% from 3Q 2020). Net income: JP¥232.0m (down 1.7% from 3Q 2020). Profit margin: 2.8% (down from 2.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Is New 90 Day High Low • Jan 20
New 90-day high: JP¥5,020 The company is up 5.0% from its price of JP¥4,800 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 7.0% over the same period. Announcement • Dec 27
The Kodensha Co., Ltd. to Report Q3, 2021 Results on Feb 04, 2021 The Kodensha Co., Ltd. announced that they will report Q3, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥4,690 The company is down 3.0% from its price of JP¥4,815 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Construction industry, which is also down 3.0% over the same period. Announcement • Oct 04
The Kodensha Co., Ltd. to Report Q2, 2021 Results on Nov 05, 2020 The Kodensha Co., Ltd. announced that they will report Q2, 2021 results on Nov 05, 2020 Announcement • Jun 29
The Kodensha Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020 The Kodensha Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020 
